Shopping Center Business

MAY 2015

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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208 • SHOPPING CENTER BUSINESS • MAY 2015 Emory Point is missing a few retail categories that it would like to add to complete what Cousins feels would be a good, complementary tenant mix. Those include gifts, shoes, skin and hair care. "This is not a regional center, but this should be a high end neighborhood cen- ter," says Bonner. "We want to serve the neighborhood, as well as our own residents." Cousins plans to be patient in the leas- ing of Emory Point's Phase II, because it wants to find the right mix of merchants. "As a leasing person, that is hard for me to do, but we want to make sure that we attract the right tenants who complement our existing offerings," says Bonner. Phase II will create a natural extension of the project; other than an entryway, there is no physical divide of the proj- ect. As well, the buildings of the phases are identical in design, so visitors will not know the entire project was built in phases. One benefit to the center is the parking. Cousins and Gables built plenty of struc- tured and street parking for apartment tenants and visitors to the retail. More parking will be added in Phase II. "The ratio of parking we have here compares to a regional mall," says Bon- ner. "Even though this is a strong pedes- trian community because of our proxim- ity to major employers, visitors never have trouble parking." SCB Power Centers Recent Retail Transactions Market Intelligence Grocery Anchored Single Tenant RELATIONSHIPS. RETAILERS. RESULTS. $4,500,000 171,000 SF Value-Add Center SHOPS OF GARY FARMS BOWLING GREEN, KY OAK PARK TOWN CENTER HIXSON, TN ORCHARD SQUARE WASHINGTON TWP, MI SETTLER'S LANDING MONTGOMERY, IL A V A I L A B L E VISIT US AT: WWW.LANDMARKINVESTMENTSALES.COM A rendering of Emory Point including the second phase. Subscribe to Shopping Center Business Visit: subscribe

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